Hello traders,
GOLD is making a downtrend wedge which is a sign of correction or reversal. But it is not giving a confirming signal yet.
The blue line is possible a 4H resistance level for end of correction before a new leg down.
Three targets down there are possible for sellers if got a confirming signal in later sessions.
GOOD LUCK ON PLAN TO BUY FOR CORRECTION OR SELL FOR NEW LEG.
LESS IS MORE!
GOLD is making a downtrend wedge which is a sign of correction or reversal. But it is not giving a confirming signal yet.
The blue line is possible a 4H resistance level for end of correction before a new leg down.
Three targets down there are possible for sellers if got a confirming signal in later sessions.
GOOD LUCK ON PLAN TO BUY FOR CORRECTION OR SELL FOR NEW LEG.
LESS IS MORE!
Join Free Telegram Group to get MORE trading skills: t.me/FuntraderVera
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join Free Telegram Group to get MORE trading skills: t.me/FuntraderVera
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.